Australia Elevator and Escalator Market Size, Share, Growth, Trends, Demand and Forecast 2025-2033

Written by Rohit » Updated on: May 09th, 2025

Australia Elevator and Escalator Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 4.5 Billion

Market Forecast in 2033: USD 6.8 Billion

Market Growth Rate (2025-33): 4.20%

The Australia elevator and escalator market size reached USD 4.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.8 Billion by 2033, exhibiting a growth rate (CAGR) of 4.20% during 2025-2033. The market is increasing steadily as a result of urbanization, infrastructure development, and amplifying demand in residential and commercial markets, underpinned by modernization initiatives and smart technology adoption in new installations and upgrading of existing buildings.

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Australia Elevator and Escalator Market Trends and Drivers:

The Australian elevator and escalator market is experiencing robust growth, fueled by rapid urbanization and infrastructure modernization. Major cities like Sydney, Melbourne, and Brisbane are witnessing a surge in high-density residential and commercial projects, driven by population expansion and a preference for vertical living. Urban planners and developers are prioritizing mixed-use complexes and smart city designs, integrating advanced vertical transportation systems to enhance connectivity and space efficiency. Government initiatives aimed at upgrading public infrastructure—including airports, metro networks, and hospitals—are further accelerating demand. Concurrently, aging buildings in metropolitan hubs are undergoing retrofitting projects to comply with contemporary safety standards and accessibility requirements, creating a steady pipeline for elevator modernization. This dual focus on new installations and upgrades is fostering a dynamic ecosystem for industry stakeholders, with engineering firms and manufacturers collaborating to deliver customized solutions tailored to Australia’s unique architectural landscape.

Technological innovation is reshaping the sector as companies adopt IoT-enabled elevators, AI-driven predictive maintenance, and energy-efficient escalators. Sustainability is emerging as a critical driver, with developers and regulators emphasizing green building certifications such as Green Star and NABERS. Manufacturers are responding by introducing regenerative drive systems and low-carbon materials, aligning with Australia’s net-zero targets. Additionally, the rise of smart buildings—equipped with touchless controls, real-time monitoring, and adaptive traffic management—is enhancing user experience while reducing operational costs. The hospitality and retail sectors are leveraging these advancements to improve customer flow and accessibility, particularly in high-traffic venues like shopping centers and convention hubs. This shift toward intelligent, eco-conscious solutions is not only meeting regulatory demands but also appealing to environmentally aware consumers and investors, positioning Australia as a leader in next-generation vertical transportation.

Changing demographics and evolving urban lifestyles are further propelling market expansion. An aging population is increasing demand for residential elevators and accessible public infrastructure, while younger generations gravitate toward tech-integrated, high-rise living. The post-pandemic recovery has reignited construction activity, with a focus on health-centric designs featuring antimicrobial surfaces and ventilation-enhanced cabins. Meanwhile, tourism revival is spurring investments in airports, hotels, and entertainment complexes, all requiring reliable escalator and elevator systems. The commercial real estate boom, particularly in coworking spaces and premium offices, is driving installations of high-speed elevators with bespoke interiors. As competition intensifies, companies are differentiating through partnerships with architects and sustainability consultants, ensuring solutions align with Australia’s urban vision. With these interconnected factors converging, the market is poised for sustained innovation, underscored by a commitment to safety, efficiency, and environmental stewardship.

Australia Elevator and Escalator Market Industry Segmentation:

Type Insights:

Elevators

Escalators

Moving Walkways

Service Insights:

New Installation

Maintenance and Repair

Modernization

End Use Insights:

Residential

Commercial

Offices

Hospitality

Mixed Block

Others

Regional Insights:

Australia Capital Territory & New South Wales

Victoria & Tasmania

Queensland

Northern Territory & Southern Australia

Western Australia

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

Market Performance (2019-2024)

Market Outlook (2025-2033)

COVID-19 Impact on the Market

Porter’s Five Forces Analysis

Strategic Recommendations

Historical, Current and Future Market Trends

Market Drivers and Success Factors

SWOT Analysis

Structure of the Market

Value Chain Analysis

Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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